Vice President, Financial and Regulatory Reporting - MENA
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The Middle East Finance Department is responsible for supporting multiple offices across the MENA region, with the hub located in Dubai. Key responsibilities covered by the team are
Strong partnering with leadership team to shape business strategy, optimize capital efficiency, and deliver robust financial controls that support sustainable growth and shareholder value.
Oversight of managerial reporting for revenues and expenses in the absence of the Head of Finance – MENA.
Prudential reporting to external regulators (Dubai Financial Services Authority (DFSA), Qatar Financial Centre Regulatory Authority (QFCRA).
Interaction with tax authorities and tax reporting across MENA
Tax risk assessment and advisory (in cooperation with Head of Tax EMEA) for geographies where MUFG is present in MENA across matters such as VAT, corporation tax, WHT, PE risk, etc.
Head Office reporting for JGAAP & USGAAP.
Ownership of oversight of Accounts Receivable and Payable for the region in the absence of the Head of Middle East - MENA
Finance related advisory to the business
Management and coordination of assigned Finance projects in MENA
Focal point for HO and regulatory reporting in MENA
NUMBER OF DIRECT REPORTSOne (1)
MAIN PURPOSE OFTHE ROLE
To support the Head of Finance – Middle East in the day to day accounting operations across the Middle East region.
KEY RESPONSIBILITIES Essential Functions*:Financial and Management Reporting
Responsible for the management, and punctual completion, of all financial reporting to stakeholders of the region, including:
J GAAP and US GAAP to Tokyo Head Office
Relevant regulatory reports (DFSA, QFCRA and tax authorities (UAE, Qatar and Kuwait)).
Assist in defining the region’s response to HO JGAAP & USGAAP reporting requirements and procedures in partnership with London and Tokyo FAO.
Define IFRS Regulatory reporting requirements and procedures in partnership with London and the external auditors.
Ensure adherence to relevant regulatory requirements and accounting standards.
Identification, escalation and resolution of issues regarding the reporting process and related systems.
Act as a focal point for Internal and External reporting questions.
Responsible for analysing and interpreting the Bank’s financial data and communicating this information to key stakeholders.
Involvement in relevant ongoing projects in the region.
Identify areas for Business process Reengineering/Improvement and lead the change.
Controls and GovernanceSupport the Head of Finance in establishing a strong control framework to ensure that all reporting requirements are undertaken on a timely and accurate basis.
Lead the development, implementation and monitoring of Finance policies, procedures and internal control systems in the Middle East Region in order to ensure that the Bank’s assets are being fully optimized and safeguarded as well as to ensure uniformity, consistency, accuracy and timeliness of all financial reporting.
Enable the Bank to share best practices throughout the Middle East Region, and to recommend such practices to key stakeholders for consideration and implementation.
Draft workflows and applicable Finance procedures to facilitate the smooth running of all processes in line with applicable guides. Maintain drive to continuously improve such procedures and guidelines.
TaxResponsible for Corporation Tax…
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